Why is Cupid falling/rising?

As of 23-Sep, Cupid Ltd's stock price is rising, currently at Rs. 219.65, reflecting an increase of 1.75 (0.8%). The stock has recently hit a new 52-week high of Rs. 221 and has been on an upward trend, gaining 6.11% over the last three days. It is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has surged by 7.28%, and it has delivered impressive returns of 189.74% year-to-date and 153.64% over the past year, significantly outperforming the broader market. The company has also reported positive financial results, with record net sales and profitability in its latest quarter, contributing to investor confidence.
In the broader market context, while the Sensex has experienced a slight decline of 0.34% over the past week, Cupid Ltd's strong performance stands out, showcasing its resilience and growth potential. The stock's liquidity is favorable, with a notable increase in delivery volume, suggesting rising investor participation. Cupid Ltd's low debt-to-equity ratio and its position as the largest company in its sector further bolster its attractiveness to investors, reinforcing the stock's upward trajectory amidst a challenging market environment.